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Mineral products export earnings up

Republika

Free-on-board receipts from Philippine outbound shipments of mineral products from January to October collectively surpassed the corresponding total in 2019, partly fueled by the nearly 1,193 percent increase in 2020 export earnings of iron ore agglomerates.

Data from the Philippine Statistics Authority (PSA) said he country’s mineral product receipts totaled $4.22 billion in 2020 — about 5.3 percent higher than the $4.01 billion these exports generated last year.


Such export receipts this year were generated from copper concentrates ($128.19 million), copper metal ($1.14 billion), gold ($670.51 million), iron ore agglomerates ($145.81 million), chromium ore ($4.97 million), and others ($2.13 billion).


Receipts in 2019 amounted to $513.34 million, $991.52 million, $821.64 million, $11.28 million, $6.82 million and $1.66 billion, respectively.


PSA reported no export data for nickel this year but said receipts for such mineral product amounted to $97,000 in 2019.

PHOTO: PNA


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